Quote:
Originally Posted by villagetinker
There are plenty of resales with "bond paid off", so you can look at those if you are looking to move here. Also, we found it advantageous to pay off the bond early, this is highly dependent on current interest rates, investments returns, taxes, etc. NOTE: the bond payments cannot be written off on your income taxes.
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Thought long and hard when we moved here about paying off the bond immediately. Consulted two prominent real estate agents and their opinion that if we sell within a few years we would not recover the cost of the bond to the people we would sell too.
As a result for now we are not paying off the rest of the bond. In a year or two will reconsider.